Category: Startups

BusinessStartups

Automattic Chief Labels Tumblr Acquisition as Major Setback Amid Integration Challenges

Automattic CEO Matt Mullenweg has openly described the Tumblr acquisition as his most significant misstep to date. Despite ongoing efforts to migrate the platform to WordPress infrastructure, financial and technical obstacles have stalled progress, leaving Tumblr reliant on other company revenues.

Tumblr Acquisition Deemed Automattic’s Biggest Failure

During a recent Town Hall session at WordCamp Canada 2025, Matt Mullenweg, CEO of Automattic, candidly addressed the company’s acquisition of Tumblr as his “biggest failure or missed opportunity.” According to reports, Mullenweg emphasized that while the platform hasn’t met expectations, Automattic hasn’t abandoned efforts to revitalize it.

by Megan Carter
AIStartups

European AI Sector Sees Surge in Acquisition Activity as Tech Race Intensifies

European artificial intelligence startups are facing unprecedented acquisition interest from both corporate giants and well-capitalized competitors. According to industry data, M&A activity in the sector has reached record levels as companies race to secure AI talent and technology.

Record-Breaking Acquisition Pace

The European artificial intelligence sector is experiencing a significant consolidation wave, with acquisition activity reaching unprecedented levels according to recent data. Reports indicate there were 18 and 15 exits in July and August respectively, representing the highest monthly totals since tracking began. Sources suggest this trend reflects the intensifying global race to develop and commercialize AI technologies.

by Tyler Brooks P.E